Announcement - Non-Del MI for Manufactured

Effective Immediately PHH announces the following update for Non-Delegated Correspondent Lenders:

Update to Non-Delegated Correspondent Single-Wide Manufactured Homes:

• Single-Wide Manufactured Homes with LTV’s > 80% require Lender Obtained Mortgage Insurance.

If you have any questions, please contact your Correspondent Specialist, Sales Executive or contact us via the support line at 1-800-929-4744.

Thank you for your continued business!